Jet fuel Archives - Page 2 of 2

How COVID, rising jet fuel cost, economic meltdown tested African carriers’ resilience-AFRAA

Posted on December 2, 2024 by Wole Shadare

Chairman of EgyptAir Holding Company and 2024 President of AFRAA, Yehia Zakaria said at the moment, Africa’s aviation industry finds itself at a crossroads, adding that the challenges the sector in Africa faced in recent years—whether due to global economic shifts, the impact of the pandemic, or rising fuel costs—have tested the operators’ resilience. He disclosed that these challenges also gave them unique opportunities to innovate, collaborate and grow. In a 56th Africa Airlines Association…

Jet Fuel: New prices may spike cost

Posted on January 8, 2024 by Wole Shadare

Airlines, others cry out Air travel may further be impacted following the decision of oil marketers to hike jet fuel prices which took effect from January 1, 2024. Already air fares have risen astronomically by over 150 percent in the last few weeks owing to the situation; a situation that has caused so much pain to air travelers across the country. Although, jet fuel prices remained stable for nearly a year, at between N880…

African airlines worry over rising jet fuel prices, high fares

Posted on November 29, 2023November 29, 2023 by Wole Shadare

The African Airlines Association (AFRAA), the umbrella body representing many of the continent’s airlines jet fuel prices are rising, reaching $123.46 as of the end of October 2023. This trend of high fuel costs according to the body impacts fares and hinders air transport affordability for African citizens. AFRAA stated this at its Annual General Meeting (AGM) in Kampala, Uganda at the weekend. Mr. Abdérahmane Berthé, AFRAA Secretary General, expressed the commitment and determination of AFRAA…

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